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To: Poet who wrote (10485)4/19/2001 7:50:33 AM
From: Souze  Read Replies (1) | Respond to of 10876
 
Here's another interesting insight, in light of yesterday's huge volume of 3+ billion shares traded on the NASDAQ:

To:Ruffian who wrote (97668)
From: Kayaker Thursday, Apr 19, 2001 12:32 AM
View Replies (2) | Respond to of 97683

....The first rally must have a tremendous surge for a major market advance. If it does, it generates more buying enthusiasm and brings in people who missed the first move. It prevents a large correction because that first rally reverses the market psychology. People who missed it are sitting there loaded with cash and eager to get aboard. So, after the smallest setback, new buyers enter and there is no sharp correction. One of the frustrating things for people who miss the first rally in a bull market is that they wait for the big correction and it never comes. The market just keeps climbing and climbing. It feeds on itself in frenzied fashion and propels prices considerably higher for six months or so, and sometimes longer.
Marty Zweig
Winning on Wall Street
1994

Message 15685797



To: Poet who wrote (10485)4/19/2001 7:55:18 AM
From: Jeff Jordan  Read Replies (1) | Respond to of 10876
 
As I said before Hahn is way too bearish....he sounds like the perma bears over there on the clown thread?

IMO, the slow down came fast and furious and the recovery will come just as quickly...industrial production can turn on a dime in this new information/inventory driven economy.

I still see consumer demand is strong for many of the basic necessities ....food, clothing,power,fuel and other consumables....houses..and all the commodities involved in their production.

There is going to be a large amount of money spent to increase gas and electric production....the economy will resume 2+% growth very soon and all will be forgotten. Interest rates will be low and wealth creation will take off again....

...depression? No way!



To: Poet who wrote (10485)4/19/2001 10:25:23 AM
From: hobo  Read Replies (1) | Respond to of 10876
 
In reading some of the threads last night (mainly CFZ and the new e-wave branch of the same), I came across this link: (my apologies to the poster that originally found this, I do not remember who it was ao I can not give him/her credit)

sandspring.com

and another one:

ntrs.com

Good trading to all.



To: Poet who wrote (10485)4/19/2001 2:26:44 PM
From: John Pitera  Read Replies (2) | Respond to of 10876
 
Poet, doesn't it feel toppy up here? I wondering if we can sell off into the close tomorrow??

the NASD is on it's daily downtrend line that started last sept and the 30 minutes Nasd bar chart looks like
a heck of a rising wedge.

JNPR, CIEN, VRTS, BEAS all look toppy. and vulnerable on the 5 minute charts.

SEBL is on it's daily downtrend line from last sept.

what say ye???

John